Black Book Sees Wholesale Prices Rise Again Featured
06 December 2017
Black Book released its Used Vehicle Retention Index for November, reporting an increase to 115 from 114.6, its third straight monthly increase dating back to August when it was at 112.6. The Black Book Used Vehicle Retention Index is calculated using Black Book’s published wholesale average value on two- to six-year-old used vehicles, as percent of original typically equipped MSRP. It is weighted based on registration volume and adjusted for seasonality, vehicle age, mileage, and condition. The Index has increased in five months during 2017, with a sixth month unchanged (June – July). Nine segments saw increases in the Index during November: compact crossover/SUV, full-size car, full-size pickups, full-size vans, luxury cars, mid-size crossover/SUV, mid-size luxury crossover/SUV, prestige luxury cars, and small pickups.